Tag Archives: graham aaronson

Mark Pack

Government steps up action on tax avoidance

By Mark Pack | Mon 6th December 2010 - 8:25 pm

Though the timing is rather politically convenient, bringing welcome news for Liberal Democrats just ahead of the tuition fees vote, the substance of today’s news on tax avoidance is very welcome.

Two steps are being taken immediately with another three to follow and, crucially, a study into introducing a General Anti-Avoidance Rule (GAAR) has also been commissioned.

This review will be carried out by Graham Aaronson QC and consider whether “it could deter and counter tax avoidance, whilst providing certainty, retaining a tax regime that is attractive to businesses, and minimising costs for businesses and HMRC”.

The two immediate steps are:

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